Multiple Choice
The following payoff matrix shows the profits accruing to two firms,Company A and Company B,under different pricing strategies.In each cell,the figure on the left indicates Company A's payoff and the figure on the right indicates Company B's payoff.
Table 15-2
-Refer to Table 15-2.Which of the following is true?
A) Company B's dominant strategy is to set a high price.
B) Company B's dominant strategy is to set a medium price.
C) Company B's dominant strategy is to set a low price.
D) Company B does not have a dominant strategy.
Correct Answer:

Verified
Correct Answer:
Verified
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